By Jan Strupczewski BRUSSELS (Reuters) - The euro zone economy will grow slower than previously expected this year and next, the European Commission ...
Heading to Principal’s Office for a Pint: Windsor’s Schoolhouse Brewery | SaltWireBRUSSELS - The euro zone economy will grow slower than previously expected this year and next, the European Commission forecast on Monday as consumer demand suffers from high inflation and the biggest economy, Germany, slips into recession this year.
"This is despite declining energy prices and an exceptionally strong labour market, which has seen record low unemployment rates, continued expansion of employment, and rising wages," it said. "The sharp slowdown in the provision of bank credit to the economy shows that monetary policy tightening is working its way through the economy," the Commission said.
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